Dr Pepper Snapple Group (DPS) was Reiterated by Deutsche Bank to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 97 from a previous price target of $95 . Deutsche Bank advised their investors in a research report released on Jul 28, 2016.
On the company’s financial health, Dr Pepper Snapple Group reported $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.20. The company had revenue of $1695.00 million for the quarter, compared to analysts expectations of $1682.70 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS.
Dr Pepper Snapple Group opened for trading at $96.2 and hit $98.08 on the upside on Thursday, eventually ending the session at $97.87, with a gain of 1.74% or 1.67 points. The heightened volatility saw the trading volume jump to 11,20,606 shares. Company has a market cap of $18,185 M.
In a different news, on May 13, 2016, M Anne Szostak (director) sold 3,000 shares at $94.77 per share price. According to the SEC, on May 12, 2016, Derry L. Hobson (Executive Vice President) sold 6,508 shares at $95.52 per share price. On May 11, 2016, David Thomas (Executive Vice President) sold 3,000 shares at $95.51 per share price, according to the Form-4 filing with the securities and exchange commission.
Dr Pepper Snapple Group Inc. is a brand owner manufacturer and distributor of non-alcoholic beverages. The Company operates in the United States Canada and Mexico. Its products comprise flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) including ready-to-drink teas juices juice drinks water and mixers. The Company operates under three segments: Beverage Concentrates Packaged Beverages and Latin America Beverages. The Companys brands include Dr Pepper Canada Dry 7UP A&W Sunkist Squirt Penafiel Crush Schweppes RC Cola Snapple Hawaiian Punch Motts Clamato Aguafiel Mr & Mrs T Roses and Margaritaville among others. The Company distributes finished beverages and manufactures beverage concentrates and fountain syrups. The Company caters to bottlers and distributors and retailers.